The Saudi Arabian Refineries Company (SARCO) announces the appointment of the Chairman of the Board of Directors, and deputy Chairman and executive management, and New Board committees for the session

Accordingly, the members of the Board of Directors met on Tuesday, 07/18/1445, corresponding to 01/30/2024, to deliberate on the formation of the Board members, and the following decisions were taken:

First: Election of the Chairman of the Board of Directors and his deputy as follows: –

1- Appointment Dr. Obaid Saad Al-Subaie (Independent) as Chairman of the Board of Directors

2- Appointment Mr. Abdulaziz Abdulmohsen Al-Bakr (Independent) as Vice Chairman of the Board of Directors.

Second: Appointment Dr. Abdul Rahman Ahmed Al-Mufarreh (Executive) as CEO.

Third: Appointing Dr. Obaid Saad Al-Subaie and Dr. Abdul Rahman Ahmed Al-Mufarreh as the company’s representatives to the Capital Market Authority for all purposes related to the application of the Capital Market Law and its executive regulations.

Fourth: Approval of the formation of the Nominations and Remuneration Committee for the new session, which begins its work on 01/25/2024 for a period of three years, and ends on 01/24/2027, and to appoint the following members:

• Mr. Abdulaziz Abdulmohsen Al-Bakr Independent (Chairman of Committee)

• Mr. Fahd Mohammed Al-Habardi – Independent

• Mr. Khaled Muhammad Al-Hanaki – Independent

Fifth: Approved of the formation of the audit committee for the new session, whose work begins on 01/25/2024 for a period of three years, and ends on 01/24/2027, and the appointment of the following members:

•         Mr. Mishal Abdul Rahman Al-Aqla – Independent (Chairman of the Committee).

·         Mr. Khaled Mohammed Al Hinaki – Independent

•         Mr. Osama Suleiman Al-Sudais – Outside Board Member